Full List: NIRSAL Appoints New MD/CEO, Inaugurates Reconstituted Board.

NIRSAL Plc has appointed Mr. Babajide Arowosafe as its new Managing Director and Chief Executive Officer (MD/CEO) following the reconstitution of its Board of Directors. The board members were inaugurated during the 21st Board of Directors meeting held on Tuesday, marking a new phase for the organization.

Mr. Arowosafe, a seasoned development finance expert, brings a wealth of experience from global institutions such as the International Finance Corporation (IFC), the World Bank, the United Nations Development Programme (UNDP), and local organizations like the Ekiti State Government and Southwest Agric Company (SWAgCo).

The reconstituted board, led by Mr. Muhammad Sani Abdullahi, Deputy Governor of Economic Policy at the Central Bank of Nigeria (CBN), has already begun work. Their key focus is realigning NIRSAL’s efforts towards its primary goal: de-risking agricultural lending to boost investment in Nigeria’s agriculture sector.

The newly appointed board members include:

Mr. Muhammad Sani Abdullahi – Chairman (Deputy Governor, Economic Policy, CBN)

Mallam Ado Wanka – Non-Executive Director

Dr. Daphne Dafinone – Non-Executive Director

Mr. Hamidu Sa’ad – Non-Executive Director

Dr. Bankole Allibay – Non-Executive Director

Hon. Shehu Balarabe – Non-Executive Director

This leadership change comes as part of NIRSAL’s efforts to strengthen its operations and foster growth in the agricultural sector, ensuring access to finance for farmers and agribusinesses across the country.